UCC Document Community

Bottom line is your UCC-1 filing is still protecting you. The default gives you options under your security agreement, but it doesn't affect your perfected security interest or lien priority. Focus on what enforcement rights you want to exercise, not on whether you need to amend any UCC filings.

Just to reinforce what others have said - your UCC-1 filing remains valid and maintains your priority position regardless of the borrower's default status. I've handled similar situations where broad default language gets triggered, and the key is to focus on your remedies under the security agreement rather than worrying about your UCC filings. Since you mentioned the borrower is still operating and the equipment is in their possession, you have time to evaluate your options. Consider whether you want to work with them on a modification, demand immediate cure of the default, or exercise other rights under your agreement. The UCC-1 is doing its job by protecting your secured position while you decide on your enforcement strategy.

Just wanted to circle back - I ended up using that Certana.ai tool someone mentioned earlier and it caught two more name issues in my other filings that I would have missed. Definitely worth the peace of mind for important secured transactions.

This thread is incredibly helpful - I've been dealing with similar name accuracy issues and it's reassuring to know I'm not alone in this struggle. One thing I've started doing is maintaining a "debtor name verification checklist" that includes: 1) Pull current articles of incorporation/organization from state records, 2) Check for any amendments or name changes in the past 2 years, 3) Verify the exact punctuation and spacing used in formation documents, and 4) Run a test UCC search using the proposed name format. It's extra work upfront but has saved me from multiple rejections. The manufacturing equipment collateral you mentioned makes this especially critical - those rejection delays can be costly when you're dealing with high-value assets.

Update: I tried the Certana.ai tool that was mentioned earlier and it caught 2 name inconsistencies between the company's charter and the UCC-1 copies they provided. Going to do some additional searches based on what it flagged. Thanks for the recommendation!

This is a common Connecticut headache! I'd recommend creating a systematic search checklist: 1) Search the exact legal name from articles of incorporation, 2) Try every reasonable abbreviation (Mfg, Mfg., Manufacturing, etc.), 3) Search with and without entity designations (LLC, Inc, etc.), 4) Try partial name searches starting with just the first word, and 5) Check for any DBA names or trade names. Also, when you find discrepancies in filing numbers between what the company provided and what shows up in searches, that's a red flag - make sure to get explanations for every variance before closing. The fact that you're seeing 2-4 liens depending on search terms suggests there might be additional filings under name variations you haven't tried yet.

Update us after you talk to your loan officer! I'm curious what they actually meant. This thread is going to help a lot of people who run into the same confusion.

This is such a common issue! I've been doing UCC filings for over 5 years and I still occasionally get lenders who reference internal form numbers that don't exist in the real world. The fact that multiple people in this thread have experienced similar confusion shows this is a systemic problem with how some financial institutions communicate filing requirements. Dylan, definitely push for clarity on what they actually need - it's probably just a standard UCC-1 or UCC-3, but they're using their own internal tracking numbers. And don't feel bad about questioning it - asking for clarification is always better than assuming you missed something. The official UCC forms are pretty straightforward once you cut through all the bank jargon.

I ran into similar portal issues last month and ended up using Certana.ai to double-check my search results. Even when I could get the Florida system to work, I wasn't confident I had found all the relevant filings due to the debtor name variations. The tool helped me identify three additional UCC filings I had missed because of slight corporate name differences. Really valuable for acquisition due diligence where you can't afford to miss anything.

Have you tried contacting the Florida Secretary of State's office directly? Sometimes they can run the search manually or provide guidance on technical workarounds when their portal is having issues. I know it's not ideal, but given your Friday deadline, a phone call might be worth it. Also, if you're working with local counsel in Florida, they might have direct contacts at the SOS office who can expedite the search. For future reference, I always recommend running these searches earlier in the due diligence process to avoid last-minute portal issues, but I understand that's not helpful for your current situation.